And in the real world... BBC, Lloyds, Alistair Darling and Christmas

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

The director general of the BBC yesterday indicated that there would be a reduction in the scale of its popular website, and possibly the closure of some of its digital channels or radio stations, following claims from politicians and rivals in commercially funded media that it had grown too big.
Source: The Indepndent

Recession is still in the air, job losses are mounting across the country and a rise in VAT is looming, but the nation's retailers remain cautiously optimistic about this year's Christmas shopping season.
Source: The Times

Alistair Darling will admit in next month's pre-Budget report that the recession has been much deeper than he forecast in March.
Source: The Financial Times

Lloyds Banking Group shareholders are meeting in Birmingham to vote on the bank's £13.5 billion record cash call.
Source: The Daily Telegraph